A new Bitcoin bull market - or the beginning of the end
Bitcoin is at the crossroads - again. Are we finally staying on this level above 550 US Dollar and slowly going up again. Or is this just the start of a much larger downtrend?
At least the accumulation/distribution indicator is showing an uptrend and the Keltner channel and weighted moving average shows we might get stable and could still bounce - before we face a multiple month long downtrend. I'm still very skeptic based on most other indicators.
Fun fact: We are now 1088 days away from the first Bitstamp BTC price chart data since 2011-08-19 and today is 2014-08-12.
At least the accumulation/distribution indicator is showing an uptrend and the Keltner channel and weighted moving average shows we might get stable and could still bounce - before we face a multiple month long downtrend. I'm still very skeptic based on most other indicators.
Fun fact: We are now 1088 days away from the first Bitstamp BTC price chart data since 2011-08-19 and today is 2014-08-12.
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